Census Data Verifies DC’s Pull For Twenty and Thirty-Somethings

by Shilpi Paul


New York City and San Francisco have traditionally been the cities that come to mind when people think of places where young adults flock in their post-college years. However, new census data reveals that DC is increasingly becoming a destination for this group.

The city and its surrounding suburbs gained about 7,000 new residents between the ages of 25 and 34 in each of the past three years, The Washington Post reported today. The influx of youngsters was the sixth highest among the metropolitan areas that were analyzed. (See full chart here.)

The new data follows an earlier census reveal that this youngish demographic not only makes up almost one-third of the city’s 600,000 residents, but was also largely responsible for DC’s growth in the past decade. The young people are also sticking around. In the past, the city has served as a temporary landing pad for ambitious go-getters before they bought homes in more affordable areas. Now, with a depressed job market in much of the country, this group has less incentive to leave stable DC.

From The Post:

The new order reflects the Washington region’s relatively resilient economy as other parts of the country floundered, racking up job losses and foreclosures after the recession began in late 2007. But some demographers also cited Washington’s emerging reputation as a cool place for young adults to live.

“It’s the economy and hipness,” said William Frey, a demographer with the Brookings Institution, who analyzed the census data comparing the 2005 to 2007 period with 2008 to 2010. “Young people are going to places that have a certain vibe. If there’s a recession, they want to ride it out in a place like that.”

The trend evidenced by the Census data may not come as a surprise to UrbanTurf readers. While we may not be as cool as Portland, Ore. (a city that media outlets have fallen in love with in recent years), 14th Street and the H Street Corridor and many neighborhoods in between are filled with young professionals that appear to be staying put…no matter how high the rent may be.

See other articles related to: young adults, u.s. census

This article originally published at http://dc.urbanturf.com/articles/blog/dc_is_officially_cool_new_census_data_verifies_citys_draw/4457

1 Comment

  1. Steve Israel said at 3:14 pm on Monday October 31, 2011:

    With this current influx of young people come great opportunities for those that are planning to stay put in DC for awhile. The chance to buy a place in a reasonable market in downtown DC or the close-in Burbs has never been better. Interest rates are at historic lows, prices have been pushed down (even in some of the hot areas) and there are many more fun downtown condo options than have ever existed in the past.

    But navigating the condo market can be tricky and very frustrating. The FHA has a whole new raft of restrictions on condo financing. There are beautifully built buildings right next to places where it is questionable as to whether the contractor was even licensed, much less had a permit to renovate a building. Condo fees and what they include, parking, transportation access and the re-sale or rental potential of properties are all incredibly important parts of the process. There is a new website up at http://www.buyDCcondos.com that is a terrific resource for downtown buyers.

    In every case, home buyers should have the very best representation available. Check into an Exclusive Buyer’s Agent to have the opportunity to work with an agent who isn’t pushing their own Company’s listings, but instead is duty bound to help find the best properties, protect the interests of the buyer only and to negotiate the best prices and terms. See http://www.buyersagent.com

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